AssuredPartners Investment Advisors LLC Acquires Shares of 8,600 The Home Depot, Inc. $HD

Key Points

• AssuredPartners Investment Advisors acquired 8,600 Home Depot shares worth approximately $3.03 million in the second quarter. Institutional investors collectively own 70.86% of the company.
• Home Depot beat second-quarter expectations, reporting revenue of $47.86 billion, up 5.7% year over year, and adjusted EPS of $4.92 versus the $4.73 consensus estimate.
• The company declared a quarterly dividend of $2.33, equivalent to $9.32 annually and a 2.8% yield. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $375.54.

AssuredPartners Investment Advisors LLC bought a new position in The Home Depot, Inc. (NYSE:HD - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 8,600 shares of the home improvement retailer's stock, valued at approximately $3,033,000.

Other hedge funds have also recently made changes to their positions in the company. Parvin Asset Management LLC boosted its holdings in Home Depot by 110.0% in the 3rd quarter. Parvin Asset Management LLC now owns 63 shares of the home improvement retailer's stock worth $26,000 after buying an additional 33 shares during the period. Advocate Investing Services LLC bought a new stake in Home Depot during the 4th quarter valued at $25,000. Zeit Capital LLC bought a new stake in Home Depot during the 2nd quarter valued at $26,000. Cache Advisors LLC purchased a new stake in shares of Home Depot during the first quarter worth $27,000. Finally, Imprint Wealth LLC purchased a new stake in shares of Home Depot during the third quarter worth $34,000. 70.86% of the stock is currently owned by institutional investors.

Key Stories Impacting Home Depot

Here are the key news stories impacting Home Depot this week:

• Positive Sentiment: Home Depot reported fiscal second-quarter revenue of $47.86 billion, up 5.7% year over year and ahead of consensus estimates. Adjusted diluted EPS of $4.92 also exceeded the $4.73 analyst expectation. Home Depot Beat Q2 Estimates
• Positive Sentiment: A nationwide three-hour delivery service could help HD compete with Walmart and Target for e-commerce orders, improve convenience and support sales of home-improvement products. Home Depot Three-Hour Delivery
• Positive Sentiment: Analysts and investor-focused commentary continue to highlight Home Depot’s 17-year dividend growth streak and long-term shareholder returns, offering support while investors wait for housing conditions to improve. Home Depot Dividend Streak

Home Depot Price Performance

NYSE:HD opened at $334.97 on Thursday. The Home Depot, Inc. has a 52-week low of $289.10 and a 52-week high of $426.75. The stock has a fifty day moving average of $341.18 and a 200 day moving average of $339.21. The company has a debt-to-equity ratio of 2.64, a quick ratio of 0.31 and a current ratio of 1.08. The firm has a market capitalization of $334.01 billion, a price-to-earnings ratio of 23.44, a P/E/G ratio of 3.72 and a beta of 0.95.

Home Depot (NYSE:HD - Get Free Report) last announced its earnings results on Tuesday, August 18th. The home improvement retailer reported $4.92 earnings per share for the quarter, topping analysts' consensus estimates of $4.73 by $0.19. Home Depot had a return on equity of 106.42% and a net margin of 8.41%.The business had revenue of $47.86 billion for the quarter, compared to analyst estimates of $47.24 billion. During the same period in the prior year, the company earned $4.68 EPS. The company's quarterly revenue was up 5.7% compared to the same quarter last year. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. On average, research analysts expect that The Home Depot, Inc. will post 14.99 EPS for the current fiscal year.

Home Depot Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 17th. Investors of record on Thursday, September 3rd will be given a $2.33 dividend. This represents a $9.32 annualized dividend and a dividend yield of 2.8%. The ex-dividend date is Thursday, September 3rd. Home Depot's dividend payout ratio is 65.22%.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on HD shares. Piper Sandler cut their price target on Home Depot from $422.00 to $421.00 and set an "overweight" rating for the company in a report on Wednesday, May 20th. Telsey Advisory Group dropped their price objective on Home Depot from $435.00 to $410.00 and set an "outperform" rating on the stock in a report on Wednesday, May 20th. Morgan Stanley cut their target price on Home Depot from $420.00 to $400.00 and set an "overweight" rating for the company in a research note on Wednesday, May 20th. Argus reaffirmed a "buy" rating and set a $400.00 target price on shares of Home Depot in a report on Wednesday, August 19th. Finally, Evercore decreased their price target on Home Depot from $415.00 to $400.00 and set an "outperform" rating on the stock in a research report on Wednesday, May 20th. Eighteen analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $375.54.

Insiders Place Their Bets

In related news, CFO Richard V. Mcphail sold 5,989 shares of the firm's stock in a transaction that occurred on Wednesday, August 19th. The shares were sold at an average price of $348.40, for a total value of $2,086,567.60. Following the sale, the chief financial officer directly owned 48,104 shares of the company's stock, valued at $16,759,433.60. This trade represents a 11.07% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.08% of the stock is owned by corporate insiders.

About Home Depot

The Home Depot, Inc NYSE: HD is a leading home improvement retailer that operates large-format stores and an integrated online platform offering a broad range of products and services for do-it-yourself consumers, professional contractors and businesses. The company was founded in 1978 by Bernard Marcus and Arthur Blank and is headquartered in Atlanta, Georgia. Since opening its first stores at the end of the 1970s, Home Depot has grown into a multinational retailer known for its orange-branded stores and wide assortment of home improvement merchandise.

Home Depot's core business includes the sale of building materials, lumber, tools, hardware, appliances, paint, plumbing and electrical supplies, lawn and garden products, and home décor.

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